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What Do You Do With Large Amounts Of Money? (lemm.ee)
submitted 3 years ago by to c/asklemmy@lemmy.ml
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Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?

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[–] 1 point 3 years ago* (last edited 2 years ago) (2 children)

What? $66K in the USA is more than most. It can be a really great life. How the fuck can $66K be a pittance?

Editing to add: Real median household income was $70,784 in 2021

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  • [–] 1 point 3 years ago (1 child)

    Also, 66k with no rent or car payments.

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  • [–] 0 points 2 years ago (1 child)

    Who ever said you wouldn’t have rent or car payments?

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  • [–] 0 points 2 years ago (1 child)

    If you started with $100M, you definitely could buy yourself a house and car before donating the rest. Hell, you could buy it out of the $2M and still be better off than most folks.

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  • [–] 0 points 2 years ago (1 child)

    They clearly said what they were going to do with their money. That was not in the list. If you want to start going outside of the list then that’s fine, but don’t pretend that that’s what OP said.

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  • [–] 1 point 2 years ago

    Omg this is the most redditor argument I've seen off reddit. No one likes a pedant.

    Also, they do state they would pay off their mortgage, so not only are you a pedant but also a wrong one at that.

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